Guideline Value for Thanthai Periyar Nagar

Thanthai Periyar Nagar guideline value

The current guideline value of Thanthai Periyar Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Thanthai Periyar Nagar has changed

The guideline value for Thanthai Periyar Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 86 per sq.ft, which increased significantly to Rs 328 per sq.ft by 2007. The 2012 revision brought it back up to Rs 1,500 per sq.ft, but by 2017, it dropped to Rs 1,005 per sq.ft. The 2023 revision maintained this value at Rs 1,500 per sq.ft, and the current 2024 revision also holds steady at Rs 1,500 per sq.ft. Notably, there is no figure for the year 2003 in the register for this street.

Between the revisions, there have been notable changes. From 2002 to 2007, the value increased by 281%, followed by a significant rise of 357% from 2007 to 2012. However, the value decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, with no change from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has risen by 1644%.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, which is equal to the guideline value of Thanthai Periyar Nagar.

• Thirumakal Township: Rs 1,500 per sq.ft (2024)
• Suresh Avenue: Rs 1,500 per sq.ft (2024)
• Sterling Little Flowers: Rs 3,500 per sq.ft (2024)
• Thottam Avenue: Rs 1,500 per sq.ft (2024)
• Thulukkanathamman Kovil Street: Rs 1,500 per sq.ft (2024)
• Sri Venkateshwara Nagar Extn.: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value is Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanthai Periyar Nagar?

The Sub Registrar Office that covers Thanthai Periyar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Nandhivaram

The guideline value is a crucial factor when registering property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must ensure that the sale price is in line with the guideline value to avoid discrepancies during registration.

When a property is bought or sold, the guideline value helps in assessing the fair value of the property for taxation purposes. It ensures that both parties are aware of the financial implications associated with the sale, including the applicable fees and duties.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Nagar?

The current guideline value of Thanthai Periyar Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 1,500 per sq.ft in 2023 and 2024. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the registration office for Thanthai Periyar Nagar?

The registration office for Thanthai Periyar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thanthai Periyar Nagar?

Stamp duty for properties in Thanthai Periyar Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,05,000.

What is the median guideline value for streets in Nandhivaram?

The median guideline value for streets in Nandhivaram is Rs 1,500 per sq.ft, which is the same as the guideline value for Thanthai Periyar Nagar.